Murphy Incorporated, which produces a single product, has provided the following data for its most recent month of operation: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing b. Compute the unit product cost under variable costing. a. Absorption costing Unit Product Cost 11,600 $ 115 $ 71 $ 3 $ 15 $ 672,800 $ 220,400 b. Variable costing